4 Best Renters Insurance Companies in Oregon

To determine the best renters insurance companies in Oregon, our team looked at a variety of factors, including coverage options, pricing, discounts, customer service, and more. The highest rated renters insurance companies in Oregon include:

We recommend Toggle, State Farm, Allstate, and Nationwide renters insurance to renters in Oregon who are looking for customizable coverage with a variety of optional add-ons. Before purchasing a renters insurance policy, we encourage you to get quotes from all three companies to help you compare coverage and costs:

Typically, an Oregon renters insurance policy contains four types of coverage: liability, medical payments to others, personal property, and loss of use. Most providers also provide additional coverage, called endorsements or floaters.

Here’s what’s covered under each type of coverage:

• Liability Coverage: If you cause injury to a neighbor or their property, this coverage pays for the cost of their bills. Typically, landlords require $100,000 in liability coverage.
• Coverage for Medical Payments to Others: This coverage pays for the medical bills of a guest that’s injured in your home.
• Personal Property Coverage: Personal property coverage covers the cost of your belongings if they’re damaged due to an unexpected event, like a fire or burglary.
• Loss of Use Coverage: If a covered incident forces you out of your home, loss of use coverage pays for your living expenses, like a hotel room or food.
• Endorsements/Floaters: Endorsements or floaters are additional coverage options you can add on to your renters insurance plan. Popular endorsements include coverage for jewelry and earthquakes.

According to the Insurance Information Institute, Oregon renters insurance cost an average of $163 for the year, or $13.60 per month, in 2017. That was just under the national average of $15 per month.

Before purchasing a renters insurance policy, consider the following factors:

• Coverage Limits: Before purchasing a policy, it’s important to determine the amount of personal property and liability coverage you need. Some companies, like State Farm and Farmers, don’t have a limit on the personal property coverage that you can purchase. Many landlords require at least $100,000 worth of liability coverage, so make sure that’s an option with your provider.
• Cost Factors: Many factors go into the pricing of your renters insurance plan. Some of these factors include cost of living, age of the building, and the likelihood of natural disasters. For example, if you rent in an area where earthquakes are common, the price of your policy could increase.
• Discounts: Before choosing a provider, learn about their discounts. Most companies provide discounts for bundling home and auto insurance, being claims-free, and having safety features in your home.

If you’re not sure which renters insurance policy is best for you, compare the providers below.